PUFFScoin GENESIS SALE
SCHEDULE AND CHECKPOINTSwww.puffscoin.com/icoOVERALL FUNDING GOAL: 175 BTC
THE GENESIS SALE WILL COMMENCE AT
16:00 UTM ON DECEMBER 29,2017 AND WILL RUN FOR FORTY-TWO (42) DAYS, CONCLUDING AT
23:00 UTM ON FEBRUARY 9, 2018.
**we are still seeking a reputable escrow agent to assist us with this project. please contact us here on bitcointalk or via email at [email protected] to discuss details***BTC raised during each phase will generally be released upon checkpoints being satisfied from the previous Sale phase. All overall transaction ledgers, legal documentation, and associated information regarding the disbursement of Genesis Sale funds will be released on our account on Scribd as public pdf files in as immediate a manner as is possible.
Purchasers will receive instructions via email to supply signed transactions and the tx hash generated, and will be sent receipt and instructions to download the PUFFScoin Core desktop client for their operating system at the conclusion of each of the final two funding rounds, and will be permitted to construct masternodes and begin simple stakeholding at that time. We will release links to the PUFFScoin Core for the general public no later than February 10, 2018.
We have set aside 2.500.000 PUFFS for the “Genesis Sale”, which will be made available in 4 funding rounds. We will require purchasers to agree to the PUFFScoin Genesis Sale Terms and Conditions and the Genesis Agreement, along with other registration appropriate at the puffscoin.com website.
To purchase PUFFS during the Genesis Sale, please send us a message, letting us know how many PUFFS you are purchasing. The Genesis Sale BTC address is [
17NwE9i6nX9NcJqvbE8RvpR9J8CCgAGbVw]. You will need to send us the transaction hash from your purchase, from which we will issue you an electronic receipt detailing the transaction and the number of PUFFS you are entitled to. No later than JANUARY 29,2018; immediately following the conclusion of Phase Three, we will be contacting Purchasers with the private link for them to download and install the PUFFS Core client. After installation and syncing, purchasers will send us their PUFFS wallet address, to which we will submit their PUFFS, along with an email receipt to the Purchaser detailing the transaction hash of the PUFFS deposit.
Early subscribers will have the opportunity to set up MasterNodes and begin simple staking through their wallets at this time, although the third-party exchanges will not be open to trading at that time.
PHASE ONE500,000 PUFFS will be made available to Purchasers at a unit price of
0.00004000 BTC. One whole Bitcoin (1.0 BTC) will be sufficient to purchase 25,000 PUFFS. The goal at Phase One will be to raise 20.0 BTC, approximately USD$375.000 (time of writing, December 18, 2017: 1 BTC = USD$18940)
Phase One will last for seven (7) days, beginning with the launch of the Genesis Sale at 16:00 UTM on DECEMBER 29,2017, concluding at 00:00 UTM on JANURAY 5, 2018. PUFFS purchased during Phase One will be released, upon receipt of Purchaser’s PUFFS wallet address, no later than February 2, 2018 at the conclusion of Phase Three.
The funds raised from Phase One will be used to purchase the available retail property located at 47 Convent St, Sydney Mines NS B1V 1K1. Property details are available upon request. The asking price of this property, sitting on 1.2 acres is CAD$79,000 (approx USD$62,000), as well as two level lots of about 2 acres in total (CAD$17.500 apiece). We are budgeting for an agreement to purchase at approximately CAD$85,000, plus legal fees. We have had discussions with the Archdiocese of Antigonish, which owns the properties in question. The AAN registration number for these properties are 00892661 (the convent), 10688876 (the proposed Serenity Space), 10450977 (which contains the ersatz parking overflow) and 10403529 (cleared lot).
This building was formerly the Our Lady of Notre Dame Convent, an historic building with the oldest sections dated to circa ~1906. It has most recently been used for offices and retail space. This building is in a good overall condition, and has approximately 7600 sp. ft. over 2 floors plus a partially completed basement. The structure consists of a mix of offices, kitchens, suites, meeting rooms and washrooms over 2 floors, some fifty-six rooms in total. Several improvements have been completed over the past 5 years including window, roofing, wiring and panel upgrades, hot water tank replacement, etc. A full half of the main floor is currently zoned as retail space, with an industrial-sized kitchen area, chapel and administrative offices. This lot features a large partially-wooded section approximately .75 acre in size, that would be be fenced and landscaped as a Serenity Space.
The secondary lots are cleared and level lots, the side closer to the convent already used as an informal parking lot. These properties will be securely fenced off and will have three 40 foot by 60 foot agricultural grade steel-buildings, locally sourced and placed on insulated concrete pads. These buildings will be built to the necessary code and guidelines from Health Canada regarding the production of consumption-grade medical and/or recreational cannabis.
The funds raised in BTC through the purchase of PUFFS in Phase One will be released immediately upon the conclusion of Phase One to the principals of The Leafy Cauldron Apothecary, and will be used to purchase and prepare the aforementioned retail property, should the first essential checkpoints be satisfied.
These costs include those for whole purchase and registration of the property as a company held asset (The Leafy Cauldron Apothecary), the costs for insurance, and for property taxes covering 2018. Along with covering the costs for construction of the basic architecture for our secure agricultural operations, the Phase One funds will also finance the essential renovations required to set up the retail section of the building, and property management.
Renovations will be done in-house, as Mr. Kostiuk, the Operations Manger and Registered Agent for The Leafy Cauldron Apothecary for the project, is long time registered contractor with thousands of hours of experience renovating the homes around Cape Breton. The four principals of the PUFFScoin development core will receive 0.5 BTC each as wages for the renovation work, although certain building standards in Nova Scotia will require the use of licensed electricians, we will hold a balance of .5 BTC for sub-contracted work on the property before its opening as a retail entity.
Phase One funds will also be applied to the purchase of necessary retail equipment such as cash registers, point of sale terminals, display counters, office furniture and computer systems. Available funds from this Phase and other will also be applied to the purchase of equipment necessary for the regulatory compliant and product safety, including cannabis testing equipment (to provide accurate potency and dosage information to our clients), as well as required equipment to test Residual Solvents in Cannabis Concentrates, and to test to ensure there are no pesticides in medical cannabis product that we purchase from wholesalers, and extraction machines for the purpose of in-house concentrates production.
Also at the outset of Phase One, the principals of The Leafy Cauldron Group will receive their staking developers wallet with 10.000.000 PUFFS. These wallets will be used to stake PUFFS as a weight against the MasterNode class of reward division, enabling the latter – community-owned service – to maintain higher proportionate return for a longer period. The staked currency from these accounts will be acted upon as wages for the principals, although we will each set out one MasterNode from our developers wallets at the outset of blockchain operation. The 0.5 BTC wage for this period will allow the developers to maintain diligent work on the project, both online and onsite, without having to draw upon wages against the open market, something we wish to avoid as the currency gains maturity. That being said, we have to eat, clothe our families, pay bills, and do the work onsite and online, so we hope this represents a happy medium.
PHASE ONE BUDGET (20 BTC)
(all costs related in CAD$)
Cost (est.) – Reason – TOTAL ASSUMED BUDGET: CAD $475.000
$85.000~ – Purchase of 47 Convent St, associated open properties Sydney Mines
$24.000 – Cost for three insulated concrete foundation pads, 42’*62′
$35.000 – Purchase of 3 (three) Pioneer Steel agricultural building kits.
$ 2.000 – Legal fees related to purchase, registration of Title Certificates
$ 3.000 – Property Taxes, 2018
$ 6.000 – Property and Building Insurance, 2018
$ 2.000 – Assorted building permits, etc.
$60.000 – Renovations and upgrades to retail space.
$75.000 – Renovations to residential spaces.
$45.000 – Cannabis extraction and testing equipment.
$20.000 – Display cabinets, retail furniture
$10.000 – Office furniture, lounge furniture
$35.000 – Security system upgrades (barred windows, updated security system, CCTV cameras and equipment)
$50.000 – Wages for principals January 2018 (reference 4x 0.5 BTC payments for principals wages during renovations)
$452.000 – SUBTOTAL
PHASE ONE RELEASE CHECKPOINTSAt the conclusion of Phase One, 10 BTC (maximum 50% of the BTC raised) will be released to The Leafy Cauldron Group. When the signed, dated, notarized Purchase of Sale Agreement for the property at 47 Convent St, Sydney Mines, NS is uploaded and set for public consumption through the Leafy Cauldron’s SCRIBD page, this will be satisfy the Checkpoint, allowing for the release of the final 10 BTC raised during Phase One.
Further evidence, established by publicly posting receipts and consultation notes for extraction and testing equipment, office hardware and furniture, display cabinets, renovation materials, etc. will also be posted via SCRIBD, and an aggregate value in purchases of 20% (or 2 BTC) of the whole amount raised during Phase One less the purchase price of the property must be shown to satisfy the final Checkpoint for this phase, allowing for release of Phase Two accrued funds according to checkpoint verification.
PHASE TWOPhase Two of the PUFFS Genesis Sale will begin immediately following the conclusion of Phase One at
00:00 UTM on January 5, 2018.
500,000 PUFFS will be made available to Purchasers for a unit price of
0.00005000 BTC. One whole Bitcoin will be sufficient to purchase 20,000 PUFFS. The goal at Phase Two will be to raise 25.0 BTC, valued at time of final edit, December 18 2017: 25BTC = USD$469.000)
Phase Two will last for seven (7) days, beginning with the conclusion of Phase One at 00:00 UTM on JANUARY 5,2018, concluding at
00:00 UTM on JANUARY 12, 2018. PUFFS purchased during Phase Two will be released, upon receipt of Purchaser’s PUFFS wallet address, no later than JANUARY 29,2018.
The funds raised in BTC through the purchase of PUFFS in Phase Two will be released immediately, in whole, upon the conclusion of Phase Two to the principals of The Leafy Cauldron Apothecary, should the final conditions be met from Phase One Checkpoints (see above), and will be used to purchase and prepare the cryptocurrency architecture and merchant services for the PUFFScoin Project.
This will entail using BTC to purchase listings on
at least four third-party cryptocurrency exchanges: Cryptopia, Livecoin, CoinExchange,YoBit, Binance and Coss; to purchase block explorer hosting; to purchase PUFFScoin implementation on multi-coin sites with a focus on merchant integration such as coinomi, coinexchange, changelly and shapeshift; as well as to cover the cost for outsourcing small portions of development such as the execution of a PUFFS Android and iOS wallet ensuring their readiness for public release.
We would also use these funds to cover the costs of a licensing a proprietary “white label” exchange solution. This exchange will feature PUFFS and BTC base trading pairs and representation for altcoins also involved with crypto-cannabis and socially conscious crytpocurrency projects. We will be accepting other crypto-cannabis currencies in store, based on an 8-hour average, but want to provide more support for the crypto-community as a whole as well. We have investigated many services which offer this and have decided upon Draglet, having reviewed as the most secure and user friendly.
Our plan is to make obtaining PUFFS by the public as simple as possible, as well as building enough representation across third-party exchanges to ensure arbitrage and liquidity of the currency beyond the control of the Leafy Cauldron Group. We call PUFFScoin a “dispensary-backed cryptocurrency”, but in the grand scheme of things, other than hosting and administering the Veterans Medical Cannabis Fund, we simply hope for the Leafy Cauldron to be a PARTICIPANT in the PUFFScoin economy, leading the way in services but simply one of many.
We will also, during this period, begin to contact other third party cryto-exchanges which do not have an instant buy-in feature. Candidate exchanges for this will be Bittrex, Bleutrade, Poloniex and a further focus on ensuring that PUFFScoin is well represented on Canadian Bitcoin and Altcoin exchanges.
PHASE TWO BUDGET (25 BTC)
(all costs related in CAD$)
Cost (est.) – Reason – TOTAL ASSUMED BUDGET: CAD $600.000
$ 12.000 (0.5 BTC) – Implementation with YoBit.com exchange (Exclusive listing, 2-3 business days)
$ 110.000 (5.0 BTC) – Implementation with Cryptopia exchange (purchased via 5.000.000 DOT through Paytopia)
$ 90.000 (4.0 BTC) – Implementation with Livecoin exchange
$ 45,000 (2.0 BTC) – Implementation with CoinExchange exchange
$ 75,000 (2.9 BTC) – Implementation with Coss exchange
$ 32,000 (1.5 BTC) – Implementation with Binance exchange (5000 votes)
$ 9.500 – Implementation with explorer/faucet on coinpayments.net multi-currency merchant provider.
$ 25.000 (1.0 BTC) – Sub-contracted Android wallet
$ 25.000 (1.0 BTC) – Sub-contracted iOS wallet
$ 75.000 – White-label exchange solution, likeliest Draglet Ultimate. Setup and full-year hosting.
$ 50.000 – Computer terminals, closet server set-up, .
$ 10.000 – Federal licensing for principals, legal costs.
$ 15.000 – Printers, photocopiers, fax machine,
$ 5.000 – Office supplies
$ 60.000 – Company vehicles (x4)
$540.000 SUB TOTAL
CHECKPOINTS: Phase Two checkpoints required for release of Phase Three funds will be confirmation of static implementation on at least one cryptocurrency exchange, as well as receipt for payment towards coinpayments.net and contract agreement for Android or iOS wallet. Receipt for 1 BTC aggregate value of computer equipment for The Leafy Cauldron Apothecary.
PHASE THREEPhase Three of the PUFFS Genesis Sale will begin immediately following the conclusion of Phase Two at
00:00 UTM on JANUARY 12, 2018.
750,000 PUFFS will be made available to Purchasers for a unit price of
0.00007500 BTC. One whole Bitcoin will be sufficient to purchase 13,333 PUFFS. The goal at Phase Two will be to raise 56.25 BTC, valued at time of final edit, December 18 2017: 25BTC = USD$1,063,000)
Phase Three will last for fourteen (14) days, beginning with the conclusion of Phase Two at 00:00 UTM on JANUARY 12, 2018, concluding at
00:00 UTM on JANUARY 26,2018. PUFFS purchased during Phase Three will be released, upon receipt of Purchaser’s PUFFS wallet address, no later than JANUARY 29, 2018.
The funds raised in BTC through the purchase of PUFFS in Phase Three will be released immediately, in whole, upon the conclusion of Phase Three to the principals of The Leafy Cauldron Apothecary, should all conditions be met from Phase Two Checkpoints, and will be used to purchase stock and accessories for the Leafy Cauldron Apothecary including glassware, pipes, books, clothing, vapes, e-juice, etc.
Our goal is to stay current with trending cannabis clothing brands, and offer the latest in glassware , dab rigs, etc. We will work very hard to obtain as much in-store stock as possible from locally-sourced vendors, and have already begun talking with glassblowers and pipe makers to produce one-of-a-kind items for in-store, but the bulk of our accessories and clothing will be imported. Our supported product lines will favor sustainability and organically sourced material, especially in the clothing and accessories side. We will also be featuring local artists (painters, sculptors, local flavor) and craftspeople (jewellers, papermakers, textils, etc.) from Cape Breton in-store, with the desire to help sustain the local arts communities.
PHASE THREE BUDGET (56.2 BTC)
(all costs related in CAD$)
Cost (est.) – Reason – TOTAL ASSUMED BUDGET:CAD$1.400.000
$ 50.000 – (2.0 BTC) Wages for principals February 2018 (reference 4x 0.5 BTC payments)
$ 800.000 – Purchase of glassware, pipes, paraphernalia, books, incense, jewellery, other in-store stock.
$ 400.000 – Grow-op architecture, hydroponics needs, etc.
We will be using wholesalers such as:
books (alternative medicine, science) – Samuel Weiser, Anathema, Magus Books, Dempsey Distributing, etc.
rocks/crystals – Gemstone Factory, Stone Bridge Imports…
herbs, teas, incense, oils – Magical Blend, Starwest Botanicals, Soul Scents, Mountain Rose Herbs, etc.
hoodoo, curiosities – Lucky Mojo, Madame Talbot, Kheops International,
glassware, dab rigs, pipes, parts – Dankstop, Glassheads, Deja Vu,
tshirts, hemp clothing – Rasta Empire, Chiefton Supply, HigherShop
hats – Hempy’s, Surya, Rawganique, Gypsy Rose, Tilly Endurables, etc. –
vapes/ejuice – Lavaporz, KushBottles, MedePen, etc.
smoking accessories – Zone Utopia, SPS Wholesale, One Wholesale, marijuanapackaging.com, etc
“scene” brands – Helpsy, Stay Home Club, Jungmaven, Mowgli Surf, Bongjour, Captain Chronica, Mary Jane TShirt Co., etc.
CHECKPOINTS: Phase Three checkpoints for release of Phase Four funds will be publicly posted receipts for aggregate purchase orders equal to 20% (11.2 BTC) of funds raised in Phase Three for stock that will be made available for sale online and in-store.
PHASE FOURPhase Four of the PUFFS Genesis Sale will begin immediately following the conclusion of Phase Three at
00:00 UTM on JANUARY 26, 2018.
750,000 PUFFS will be made available to Purchasers for a unit price of
0.00010000 BTC. One whole Bitcoin will be sufficient to purchase 10,000 PUFFS. The goal at Phase Two will be to raise 75 BTC, valued at time of final edit, December 18, 2018: 75BTC=USD$1.425.000)
Phase Four will last for fourteen (14) days, beginning with the conclusion of Phase Three at 00:00 UTM on JANUARY 26, 2018, concluding at
00:00 UTM on FEBRUARY 9, 2018. PUFFS purchased during Phase Four will be released, upon receipt of Purchaser’s PUFFS wallet address, no later than February 4, 2018.
The funds raised in BTC through the purchase of PUFFS in Phase Four will be released immediately, in whole, upon the conclusion of Phase Four to the principals of The Leafy Cauldron Apothecary, should all conditions be met from Phase Three Checkpoints, and will be used to purchase stock in the form of dried flower, concentrates, oils, etc. that will form the initial supply for the dispensary opening. We will be purchasing from licensed producers, and will adhere to the strictest guidelines for consumer safety and potency.
PHASE FOUR BUDGET (75.0 BTC)
(all costs related in CAD$)
Cost (est.) – Reason – TOTAL ASSUMED BUDGET:CAD$1.825.000
$200.000 – Wages for principals March-June 2018 (reference monthly 4x 0.5 BTC payments- 4 months = 8 BTC)
$800.000 – Flower (approx 355.5 pounds at CAD$2250/pound)
$480.000 – Concentrates (shatter, budder, kief, hash, CBD oils etc.) i.e.: 1000 disposable vape pens ($60.000) 400 ounces various shatter/budder ($400.000). 50 ounces hash ($20.000). live resin….
$320.000 – Edibles, CBD. (various)
$ 42.500 (1.75 BTC) – escrow service payment
WHOLE BALANCE TO BE RAISED:
20+25+56+75 BTC = ~175 BTC
CAD$4.250.000